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Listed by James Conticello Keller Williams City Life Realty
$ 1,295,000
Est. payment | /mo
6 Baths
$ 1,295,000
Est. payment | /mo
6 Baths
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 25011114
Style 4 Family
Full Baths 4
Half Baths 2
Property Sub-Type 4 Family
Property Description
Prime Mixed-Use Investment Opportunity. Nestled just off the bustling Bloomfield Avenue, this exceptional mixed-use property offers a strategic location directly across from The MC Hotel. Located in the heart of Montclair's thriving artistic community, attracting a steady stream of visitors and locals alike. Three pristine and fully renovated residential apartments currently generate a monthly income of $6,500. Ground floor office space tenant just vacated which was paying $3500 per month. This property is perfect for an owner occupant to move into the commercial space on the ground floor and collect rent from the three residential apartments above. A new owner may also convert the bottom floor to residential space to live in or rent out (see below). The ground-floor commercial space, recently enhanced with comprehensive interior improvements, stands ready for occupancy or offers the potential for residential conversion, with APPROVALS secured for the next three years. Recent Upgrades:
Location
State NJ
County Essex
Interior
Laundry In Unit
28 Valley Road Suite 1, Montclair, Jersey, 07042, United States